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Ether
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=== What's the mission of Ether? === The mission of Ether is closely tied to the broader goals and vision of the Ethereum platform. Ethereum was conceptualised to expand the possibilities of blockchain technology beyond just a medium of exchange, like Bitcoin. Its co-founder, Vitalik Buterin, and other developers envisioned a platform that would enable decentralised applications (DApps) and smart contracts, thereby creating a more versatile and programmable blockchain. Within this context, the mission of Ether can be understood as follows: # '''Facilitating Transactions and Smart Contracts:''' Ether's primary mission is to act as the fuel for the Ethereum network. It enables users to conduct transactions, execute smart contracts, and interact with DApps on the Ethereum blockchain. By requiring Ether for these operations, the network ensures that resources are used efficiently and helps to prevent spam transactions. # '''Supporting Decentralisation:''' Ether plays a critical role in maintaining the decentralised nature of the Ethereum network. By compensating miners (and, following Ethereum's transition to Ethereum 2.0, validators) for processing transactions and executing smart contracts, Ether helps to secure the network and distribute its operational workload across a global community. # '''Encouraging Innovation:''' By providing a platform for DApps and smart contracts, Ether fuels innovation in the blockchain space. Developers can build a wide range of applications on Ethereum, from decentralised finance (DeFi) to non-fungible tokens (NFTs), and Ether is used to power these applications. # '''Creating a Digital Economy:''' Ether also aims to be a key component in a new, blockchain-based digital economy. This economy transcends traditional financial boundaries, offering a more inclusive, transparent, and secure financial system. # '''Promoting Financial Accessibility:''' Ethereum and Ether are part of a broader movement in the cryptocurrency space that seeks to provide greater financial accessibility. By offering a decentralised platform free from the control of any single entity, Ethereum aims to lower barriers to financial services and empower individuals globally. In summary, the mission of Ether is multifaceted, aligning with the broader objectives of the Ethereum network. It's designed to enable and secure a wide range of decentralised applications and financial transactions, fostering innovation, decentralisation, and accessibility in the digital economy.
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